Ann: Capital Raising Update, page-8

My take is that whilst raising down here isnt ideal, dilution at the moment is minimal.

The key is securing the next portion which includes a convertible debt/equity note, which I suspect will be part repaid with further asset sales including White Dam (near term), Cloncurry and Malmsbury (medium term).

Management continually dipping in gives me confidence we can navigate through these waters, but in the mean time, we are sitting at UNDER 30m MC for 1.76m oz in Aus!

Haven’t seen valuations like this…

Took a position in this raise as am stepping up trying to be greedy when others are fearful but if we can secure the next funding package, which I suspect will be 7-10m, with further asset sales on the way, we could be funded for a while, come out of this recent gold puke, and back on track.

Boy.